The latest information revolution known as the Internet of Things (IoT) provides an unprecedented level of data-driven customer service for the banks. This revolution can bring various opportunities to the financial services industry. Banks and financial institutions can provide clients with advice and services that are closely related to their daily lives. IoT’s potential for banking and financial services is expected to evolve into a new concept called the Bank of Things (BoT), which is completely collapsed. IoT is expected to be a value integrator, facilitator and trusted advisor for our customers.
The worldwide IoT in Banking and Financial Services Market is expected to grow over CAGR of 55.3% over the forecasted years. It provides a qualitative and quantitative analysis of the IoT in Banking and Financial Services Market. Market segments and sub-types of business. Some of the major players have created profiles to gain insight into their business.
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Profiling Global key Players– Hewlett Packard Enterprise Development LP, IBM, Infosys Limited, Microsoft, Oracle, SAP SE, Software AG, Tata Consultancy Services Limited, Vodafone Group Services Limited and EdgeVerve Limited amongst others.
IoT in Banking and Financial Services Market:
- Customer Management
- Payment Management
- Security & Monitoring
- Professional Services
- Business Consulting Services
- Integrated Services
- Deployment Services
- Managed Services
By Organization Size
- Small and Medium Enterprise
- Large Enterprise
By End User
- Non-banking Financial Companies
- North America
- Asia Pacific
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Objectives of this research report:
- It offers an analysis of changing competitive scenario.
- It offers forward-looking perspectives on different factors driving or restraining market growth.
- It throws light on market size as well as the growth rate of the market.
- It gives a detailed analysis of key vendors operating in the IoT in Banking and Financial Services Market.
- It highlights the trending factors which are influencing the growth of the IoT in Banking and Financial Services Market.
- Furthermore, it offers outcomes of SWOT and Porter’s five analysis.
- It offers a demand-supply chain analysis.
- The global distributor and market channel analysis.
- Also, it offers an economic impact on the market.
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